Company financials

Kellanova

Consumer Staples Packaged Foods & Meats Chicago, Illinois Last filing Feb 21, 2025 · FY2024

                    Revenue
                    FY2024
                
$12.7B
                    3y CAGR +2.8%
                    
                    P41
                    
                    -2.8%
                    
                    Net income
                    FY2024
                
$1.3B
                    Net margin +10.5%
                    
                    P59
                    
                    +41.2%
                    
                    Total assets
                    FY2024
                
$15.6B
                    ROA +8.6%
                    
                    P68
                    
                    +0.0%
                    
                    Operating cash flow
                    FY2024
                
$1.8B
                    FCF margin +8.9%
                    
                    P47
                    
                    +7.0%

16 yrs · FY2007–FY2024 2 gaps (2008, 2014) 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

35 accounts · 10 years

Total assets $15.6B

Total liabilities $6.3B

Shareholders equity $3.8B

Account	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Assets
Cash and Cash Equivalents	+153.3%	-8.4%	+4.5%	—	—	+23.7%	+14.2%	+0.4%	—	—
Accounts Receivable(net)	-2.9%	—	—	—	—	+14.6%	-1.0%	—	—	—
Inventory(net)	-6.3%	—	—	—	—	-7.8%	+9.3%	—	—	—
Prepaid Expenses&Other Current Assets	+52.2%	—	—	—	—	+77.1%	-12.1%	—	—	—
Total Current Assets	+12.7%	-20.4%	+23.3%	—	—	+8.7%	+4.0%	+3.3%	—	—
Property,Plant&Equipment(net)	+0.7%	—	—	—	—	-3.2%	+0.4%	—	—	—
Operating Lease Right of Use Asset	-9.1%	—	—	—	—	—	—	—	—	—
Goodwill	-3.0%	-4.1%	-1.6%	—	-100.0%	-3.1%	+9.9%	+6.5%	+6277.8%	—
Other Intangible Assets(net)	-8.8%	—	—	—	—	-23.4%	+27.4%	—	—	—
Deferred Tax Assets(net)	-4.8%	—	—	—	—	+39.7%	-23.2%	—	—	—
Other Assets Noncurrent	+2.9%	—	—	—	—	+6.6%	+4.0%	—	—	—
Total Assets	+0.0%	-15.5%	+1.7%	—	—	-1.2%	+8.7%	+8.2%	—	—
Liabilities
Accounts Payable	-3.4%	-22.2%	+15.5%	—	—	-1.6%	+7.0%	+12.7%	—	—
Accrued Liabilities	-16.0%	+119.6%	-49.7%	—	-100.0%	+13.8%	-4.8%	+97.1%	—	—
Derivative Liabilities(current)	-100.0%	—	—	—	—	+2.9%	-53.3%	—	—	—
Current Portion of Long Term Debt and Capital Leases	-4.7%	—	—	—	—	+21.6%	+24.7%	—	—	—
Short Term Borrowings	-4.7%	—	—	—	—	+252.3%	-52.4%	—	—	—
Total Current Liabilities	-7.9%	-20.3%	+19.5%	—	—	+5.5%	+0.2%	+1.1%	—	—
Long Term Debt and Capital Lease Obligations(noncurrent)	-1.8%	—	—	—	—	-12.3%	+4.7%	—	—	—
Operating Lease Liabilities(noncurrent)	-12.6%	—	—	—	—	—	—	—	—	—
Pension and Other Postretirement Benefit Plans Liabilities(noncurrent)	-2.3%	—	—	—	—	+8.3%	-22.4%	—	—	—
Deferred Tax Liabilities(net)	+8.9%	—	—	—	—	-30.0%	+44.9%	—	—	—
Unrecognized Tax Benefits(noncurrent)	+6.2%	—	—	—	—	-7.2%	+61.7%	—	—	—
Restructuring Reserve(noncurrent)	—	—	—	—	—	-47.9%	-54.4%	—	—	—
Purchase Obligation	-90.0%	—	—	—	—	—	—	—	—	—
Other Liabilities Noncurrent	+4.8%	—	—	—	—	+7.7%	-16.7%	—	—	—
Total Liabilities and Stockholders' Equity	+0.0%	—	—	—	—	-1.2%	+8.7%	—	—	—
Equity
Common Stock	+0.0%	+0.0%	+0.0%	—	-100.0%	+0.0%	+0.0%	+0.0%	—	—
Additional Paid In Capital	-6.3%	-91.1%	+1470.6%	—	-100.0%	-5.1%	-10.6%	-91.8%	—	—
Retained Earnings/Accumulated Deficit	+6.3%	—	—	—	—	+2.7%	+8.2%	—	—	—
Accumulated Other Comprehensive Income(loss)	-11.5%	—	—	—	—	+3.5%	-3.0%	—	—	—
Treasury Stock	-5.4%	+1.5%	+0.1%	—	-100.0%	+3.1%	+3.0%	+10.5%	—	—
Minority Interest(noncontrolling Interest)	-44.8%	—	—	—	—	+1.6%	+3387.5%	—	—	—
Total Stockholders' Equity	+18.9%	—	—	—	—	+5.6%	+19.4%	—	—	—
Total Equity(including Noncontrolling Interest)	+15.2%	—	—	—	—	+4.9%	+44.0%	—	—	—

Income Statement

Revenue, expense, and profitability

22 accounts · 10 years

Revenue $12.7B

Operating income $1.9B

Net income $1.3B

Account	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IncomeStatement
Revenues net Sales/Revenue	-2.8%	—	—	—	—	+0.2%	+5.4%	—	—	—
Costs and Expenses Cost of Goods Sold	-7.2%	—	—	—	—	+4.3%	+8.2%	—	—	—
Costs and Expenses Selling General and Administrative Expense(sg&a)	-3.8%	—	—	—	—	-1.3%	-8.8%	—	—	—
Costs and Expenses Research and Development Expense	-0.9%	—	—	—	—	-6.5%	+4.1%	—	—	—
Costs and Expenses Advertising Expense	-0.8%	—	—	—	—	-10.1%	+2.7%	—	—	—
Costs and Expenses Depreciation Depletion and Amortization Expense	-12.4%	—	—	—	—	-6.2%	+7.3%	—	—	—
Costs and Expenses Asset Impairment Charges	—	—	—	—	—	—	—	—	—	—
Costs and Expenses Restructuring Charges	—	—	—	—	—	-21.0%	-45.6%	—	—	—
Costs and Expenses Pension and Other Postretirement Benefit Expense	-120.8%	—	—	—	—	-152.4%	+139.8%	—	—	—
Income From Equity Investments Income Loss From Equity Method Investments	+0.0%	—	—	—	—	-103.6%	+2700.0%	—	—	—
Non Operating Income Expense Interest Expense	+2.6%	—	—	—	—	-1.0%	+12.1%	—	—	—
Non Operating Income Expense Other Non Operating Income(expense)	+156.8%	—	—	—	—	+308.9%	-117.1%	—	—	—
Income Before Tax Income Before Income Taxes	+59.0%	—	—	—	—	-1.8%	-19.8%	—	—	—
Income Tax Income Tax Expense(benefit)	+17.8%	—	—	—	—	+77.3%	-55.9%	—	—	—
net Income Operating Income(loss)	+24.5%	—	—	—	—	-17.9%	+23.0%	—	—	—
net Income net Income(loss)	+41.2%	—	—	—	—	-28.1%	+6.5%	—	—	—
net Income net Income(loss)Attributable To Noncontrolling Interest	+0.0%	—	—	—	—	+112.5%	—	—	—	—
Earnings Per Share Earnings Per Share Basic	+41.0%	—	—	—	—	-27.0%	+6.6%	—	—	—
Earnings Per Share Earnings Per Share Diluted	+40.6%	—	—	—	—	-26.9%	+7.0%	—	—	—
Earnings Per Share Weighted Average Shares Outstanding Diluted	-99.6%	—	—	—	—	-96.0%	-0.6%	—	—	—
Comprehensive Income Other Comprehensive Income(loss),Net of Tax	-11.5%	—	—	—	—	+3.5%	-3.0%	—	—	—
Comprehensive Income Comprehensive Income(loss),Net of Tax	+76.4%	—	—	—	—	-20.0%	-5.8%	—	—	—

Cash Flow Statement

Operating, investing, and financing flows

30 accounts · 10 years

Operating cash flow $1.8B

Investing cash flow $-750.0M

Financing cash flow $-607.0M

Account	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CashFlow
Operating Activities net Income	+41.2%	-0.9%	-35.5%	—	—	-28.1%	+6.5%	+79.4%	—	—
Operating Activities Depreciation Depletion and Amortization	-12.4%	—	—	—	—	-6.2%	+7.3%	—	—	—
Operating Activities Share Based Compensation	-1.0%	—	—	—	—	-4.7%	-9.9%	—	—	—
Operating Activities Deferred Income Tax Expense(benefit)	+165.8%	—	—	—	—	-425.5%	+181.0%	—	—	—
Operating Activities Equity Method Investment Income(loss)	+0.0%	—	—	—	—	-103.6%	+2700.0%	—	—	—
Operating Activities Asset Impairment Charges	—	—	—	—	—	—	—	—	—	—
Operating Activities Restructuring Costs(non Cash)	—	—	—	—	—	-21.0%	-45.6%	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	+143.8%	-124.7%	+2147.9%	—	+100.0%	-126.0%	+1084.6%	-97.8%	—	—
Operating Activities Other Non Cash Income/expense	+260.0%	—	—	—	—	-48.6%	+7100.0%	—	—	—
Operating Activities net Cash From Operating Activities	+7.0%	-0.4%	-2.9%	—	—	-23.4%	+281.1%	-68.3%	—	—
Investing Activities Capital Expenditures	-7.2%	+38.7%	-11.8%	—	—	+1.4%	+15.4%	-1.2%	—	—
Investing Activities Purchases of Investments	—	—	—	—	—	—	—	—	—	—
Investing Activities Proceeds From Sale/maturity of Investments	—	—	—	—	—	—	—	—	—	—
Investing Activities Payments/proceeds From Other Investing Activities	-1200.0%	—	—	—	—	+121.8%	-816.7%	—	—	—
Investing Activities net Cash From Investing Activities	-33.5%	-25.4%	+15.2%	—	—	+181.6%	-736.2%	+138.0%	—	—
Financing Activities Proceeds From Issuance of Debt	+53.2%	—	—	—	—	-91.9%	-20.6%	—	—	—
Financing Activities Repayment of Debt	-16.0%	+20.4%	-0.3%	—	—	+147.3%	-35.4%	-63.6%	—	—
Financing Activities Proceeds From Issuance of Equity	+255.0%	—	—	—	—	-61.7%	+72.2%	—	—	—
Financing Activities Repurchase of Common Stock	-100.0%	-43.3%	+25.0%	—	—	-31.2%	-38.0%	+21.1%	—	—
Financing Activities Dividends Paid	-3.0%	+0.4%	+1.1%	—	-100.0%	+0.9%	+3.5%	+2.8%	—	—
Financing Activities Payments From/to Minority Shareholders	-70.8%	—	—	—	—	-18.2%	—	—	—	—
Financing Activities Proceeds From Payments For Other Financing Activities	+87.3%	—	—	—	—	+18.2%	—	—	—	—
Financing Activities net Cash From Financing Activities	+45.3%	-2.7%	+17.2%	—	—	-236.6%	+6.3%	+23.2%	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	+750.0%	+101.8%	-581.2%	—	—	+72.2%	-66.0%	+182.8%	—	—
Cash Reconciliation net Change In Cash	+1780.0%	-292.3%	+108.7%	—	—	+90.0%	—	—	—	—
Supplemental Disclosures Income Taxes Paid	-24.2%	—	—	—	—	+185.6%	-46.6%	—	—	—
Supplemental Disclosures Interest Paid	+4.1%	—	—	—	—	+1.4%	+8.5%	—	—	—
Supplemental Disclosures Non Cash Investing&Financing Activities	-7.9%	—	—	—	—	—	—	—	—	—
Supplemental Disclosures Capital Expenditures Incurred But Not Yet Paid	+2.9%	—	—	—	—	-21.0%	+7.3%	—	—	—
Supplemental Disclosures Pension and Other Postretirement Benefit Contributions	+31.0%	—	—	—	—	-90.2%	+552.3%	—	—	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Profitability
Gross margin	+35.6%	+32.6%	+30.1%	+32.5%	—	+32.3%	+34.9%	+36.6%	+37.3%	—
Operating margin	+14.7%	+11.5%	+9.6%	+11.8%	—	+10.3%	+12.6%	+10.8%	+11.4%	—
Net margin	+10.5%	+7.2%	+7.6%	+12.7%	—	+7.1%	+9.9%	+9.8%	+5.4%	—
FCF margin	+8.9%	+7.4%	+9.2%	+9.8%	—	+4.3%	+7.1%	-0.8%	+5.9%	—
Growth
Revenue CAGR (3y)	+2.8%	—	-2.3%	-4.6%	—	+1.6%	—	—	—	—
Returns
ROE	+35.6%	+30.0%	+24.4%	+40.0%	—	+34.9%	+51.4%	+57.6%	+36.6%	—
ROA	+8.6%	+6.1%	+5.2%	+8.2%	—	+5.5%	+7.5%	+7.7%	+4.6%	—
ROIC	+17.5%	+13.1%	+10.0%	+10.1%	—	+10.4%	+13.4%	+10.3%	+12.4%	—
Liquidity
Current ratio	0.81x	0.66x	0.66x	0.64x	—	0.72x	0.70x	0.67x	0.66x	—
Quick ratio	—	—	0.32x	—	—	—	—	—	0.34x	—
Leverage
D/E	3.14x	3.92x	1.61x	3.89x	—	5.39x	5.84x	6.51x	2.34x	—
Interest coverage	6.02x	4.97x	6.02x	6.75x	—	4.93x	5.94x	5.42x	3.65x	—
Efficiency
Asset turnover	0.82x	0.84x	0.68x	0.65x	—	0.77x	0.76x	0.79x	0.86x	—
Cash conversion cycle	—	—	+0d	—	—	—	—	—	-0d	—

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Kellanova

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